eerriinn4 eerriinn4

15-06-2016
Mathematics

contestada

An account earns simple interest.

a) find the interest earned

b)find the balance of the account

$2000 at 3.5% for 4 years

Respuesta :

anacontrerass anacontrerass

15-06-2016

$2,295.05 ,interest of $295.05

Answer Link

SuperRegis SuperRegis

15-06-2016

If it was compound interest: the equation is 2000(1.035)^4
if it was simple interest: the equation is 2000 * (1.035) * 4

Answer Link

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